Real estate developers are finding higher returns by repurposing underutilized land for multi-unit residential apartment buildings or senior homes, while e-commerce businesses are struggling to find space for their expanding operations due to the overwhelming number of returns.
Alex Mayer and Tai Lopez’s Retail E-commerce Ventures buys outdated business models such as Pier One and Dress Barn and acquires intellectual property rights to build their e-commerce empire.
The speaker shares his strategy for finding niche million-dollar businesses by walking down the aisles of big box stores and identifying products that are commodities but lack a good experience. He emphasizes the importance of putting some thought into creating a better experience for such products and going direct to consumers.
The future of malls may be all about discovery rather than distribution, as brick and mortar stores become a place to find and explore new brands. With the rise of online shopping, malls may need to adapt to new ways of attracting customers.
The podcast discusses the potential benefits of retail stores for grocery businesses and how they can help in making advertisements more effective by targeting a larger population.
This podcast discusses how the growth of e-commerce has led to a need for flexible logistics options, and how companies like WeWork are offering solutions somewhere in between leasing your own warehouse and using a third-party logistics provider.